Hi traders, after the double top had formed TSLA had reached tp1 @ 165. Shortly after price reversed and climbed.
It went easily through resistance 1 @ 280 area and jumped over the resistance 2 @ 290 area.
Price climbed, but what about volume? Since the double top volume declined in the daily. That made me quite suspicious and I did not follow the bulls. I believe there has a bull trap formed.
On the contrary. Yesterday I rolled my put 9/23 position into 9/30 when price was @ 304.56.
Here is why:
- as mentioned, volume was way too low, I missed the enthusiasm
- Multiple testing of resistance 3 level @ 305
- Unusual big bullish candle stick at opening
- Yesterday a range started to form
just guess work. No financial advice!
Maybe I am totally wrong and today the uptrend continues. But the gap down could be another sign for a downtrend.
What do you think?
It went easily through resistance 1 @ 280 area and jumped over the resistance 2 @ 290 area.
Price climbed, but what about volume? Since the double top volume declined in the daily. That made me quite suspicious and I did not follow the bulls. I believe there has a bull trap formed.
On the contrary. Yesterday I rolled my put 9/23 position into 9/30 when price was @ 304.56.
Here is why:
- as mentioned, volume was way too low, I missed the enthusiasm
- Multiple testing of resistance 3 level @ 305
- Unusual big bullish candle stick at opening
- Yesterday a range started to form
just guess work. No financial advice!
Maybe I am totally wrong and today the uptrend continues. But the gap down could be another sign for a downtrend.
What do you think?
